Yonkers, NY Cost of Living

Yonkers cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Yonkers, NY cost of living index. The overall cost of living index in Yonkers, NY is 156, which is 28% higher than the New York average and 56% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Yonkers, NY are 34% higher than the New York average and 51% higher than the national average.

Did you know?

The cost of living in Yonkers is 28% higher than the New York average.

The cost of living in Yonkers is 56% higher than the national average.

The cost of housing in Yonkers is 97% higher than the national average.

New York general sales tax is 21% lower than the national average.

New York state income tax is 80% higher than the national average.

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Compare Yonkers, NY Cost of living To Other Cities

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is meant to help you compare your salary in Yonkers, NY to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Yonkers, NY, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Yonkers, NY salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$88,876

$7,406

$2,074

$2,667

Renters

$39,512

$3,293

$922

$1,185

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Yonkers, NY, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Yonkers, NY homeowners have a median income of $88,876. Using that number, you will come up with a maximum of $2,074 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $39,512, which means there is a maximum of $922 to be spent on the costs of renting a home or apartment.

New York Sales Tax

State

General Sales Tax

With Max Surtax

New York

4%

8.875%

New York Income Tax

State

Income Tax (Low)

Income Tax (High)

New York

4%

8.82%

The New York sales tax and New York income tax rates should definitely be considered when determining the overall cost of living in Yonkers, NY. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The New York sales tax is 4% and the maximum surtax is 8.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

Item

Yonkers

National avg.

Difference

Haircut

$22.50

$14.59

54.2%

Beauty Salon

$70.55

$34.68

103.4%

Toothpaste

$4.04

$2.47

63.3%

Shampoo

$1.14

$1.02

11.5%

Movie

$13.83

$9.87

40.1%

Bowling

$12.33

$4.39

180.8%

Groceries

Item

Yonkers

National avg.

Difference

Ground Beef

$4.46

$4.48

0.4%

Fried Chicken

$1.04

$1.46

29.0%

Milk

$1.92

$2.36

18.5%

Potatoes

$4.37

$3.06

42.7%

Pizza

$11.49

$9.24

24.3%

Beer

$13.09

$8.63

51.6%

Health Care

Item

Yonkers

National avg.

Difference

Optometrist

$103.33

$99.78

3.6%

Doctor

$122.50

$105.03

16.6%

Dentist

$117.50

$88.70

32.5%

Ibuprofen

$10.06

$9.41

6.9%

Lipitor

$302.11

$298.50

1.2%

Housing

Item

Yonkers

National avg.

Difference

Home Price

$394,500.00

$175,700.00

124.5%

Avg. Mortgage Payment

$4,902.79

$1,081.03

353.5%

Apartment Rent

$1,211.00

$920.00

31.6%

Transportation

Item

Yonkers

National avg.

Difference

Gasoline

$2.64

$2.09

26.2%

Tire Balancing

$78.00

$45.29

72.2%

Utilities

Item

Yonkers

National avg.

Difference

All Electricity

$259.80

$170.80

52.1%

Phone

$30.33

$28.26

7.3%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.